Equity
€180,194 ▲ 1.2%
Phase 3 paid out €130,000 in dividends. That is 98% of the 2025 profit.
Phase 3
Lifetime
20 annual accounts with figures on one time axis, 46 filings since 1980peak €312,699 (2025)
€312,699▲ 28.1%
lowest -€17,421 (2012)
€132,142▲ 35.6%
peak €180,194 (2025)
€180,194▲ 1.2%
€173,522▲ 81.3%
peak 4 FTE (2017)
2.3 FTE▲ 4.5%
Board5 names since 2021
4 directorsBIARD Jean-Claude and 3 others
Owners
Documentsfilings and deeds
26-06-202635 days before the deadline
2025abbreviated format
Gross margin from €244,188 to €312,699Result from €97,466 to €132,142Dividend €130,000Debts from €95,732 to €173,522
Key points
from the 2025 annual accountsTurnover
≈ €740,000 estimated
The accounts state no turnover.
Debts
€173,522 ▲ 81.3%
Debts rose by €77,790 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Staff
2 employees on 31-12-2025
In 2025, nobody joined and 1 person left.
Liquidity
1.98 was 2.92 in 2024
Short-term debts rose from €87,512 to €173,522.
Filings
46 annual accounts since 1980
Six of the last ten came late. The 2019 accounts came latest: 28 days after the end of the period.
Checked score
92
Excellent
Financially stronger than 71% of micro companies in chemicals (NACE 20)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 356 companies (NACE 20, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025lowest value
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: 0.1%▲ +0.1 percentage points vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026highest value
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
lowers risk
Liquidity: current ratio 1.98, cash €182,290
Founded in 1979
Equity €180,194 (50.9% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 20, micro). It does better than 61% of them on solvency, 77% on liquidity, 96% on profitability and 53% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as Phase 3 has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Phase 3 itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for Phase 3. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €16,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.98 (2.92 in 2024), above the usual 1.5. Short-term debt is 49.1% and cash 51.5% of total assets. 49.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 days early
2024
34 days early
2023
40 days early
2022
28 days early
2021
23 days late
2020
24 days late
2019
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 9 days before the deadline. In the sector (NACE 20), the median for financial year 2024 was 22 days before the deadline, and 26% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- B-CHEMICALS INTERNATIONAL HOLDING 99.95%score 97equity €1.1m (2025) · 2025 annual accounts of B-CHEMICALS INTERNATIONAL HOLDING
Recent changes
Registered office moved from Viroinval to Mariembourg
New registered office: Rue des Mousquetaires Gris 35 à 5660 Mariembourg · Previous registered office: Rue de Le-Mesnil 34, 5670 Viroinval · Appointments: ExecAdvice, Noélise Consulting (managing director) and AQLC Management (managing director) · Board meeting of 22-12-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0419617446
Amendment of the articles · Legal-form change
Reappointment: BIARD Jean-Claude (director) · Permanent representative: BIARD Jean-Claude · “Le négoce,l’achat,la vente,l’importation,l’exportation de tous produits,objets,matériaux,denrées ou véhicules…” (deed in French) · Gazette deed
Resignation: Mputu Schmidt (director)
Appointment: Jean-Claude Biard (director) · Gazette deed
Comparable companies
same main activity, the nearest in size| Company | ||||
|---|---|---|---|---|
| Phase 3 Couvin | €0.4m | €312,699 | 50.9% | 2.3 |
| MICROBELCAPS Liège | €0.8m | €354,668 | 69.5% | 4.4 |
| LUBRI GROUP Verviers | €1.1m | €521,542 | 52.2% | 5.1 |
| XEON INTERNATIONAL Uccle | €1.3m | €394,602 | 49.4% | 4.5 |
| SYNACO Ans | €1.2m | €399,120 | 33.6% | 6.8 |
| Société d'Etudes Techniques au Hainaut Waterloo | €1.9m | €202,726 | -3.1% | 3 |
| Innovative Coating Technologies Deinze | €0.8m | €71,553 | 92.5% | 0.9 |
These companies have the same main activity as Phase 3: manufacture of chemicals and chemical products (NACE 20590). They are larger than Phase 3: total assets between €782,000 and €1.9m, founded between 1960 and 1995.
Official details
Source: KBO- Status
- Active since 06-08-1979Normal situation
- Activity
- Manufacture of chemicals and chemical productsNACE 20590and 1 other
- Establishment unit
- 2.130.571.7425660 Couvin, since 28-12-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 27-10-2025
Annual accounts 2025
- €353,715▲ 29.2%
- Employeeson 31-12-2025
- 2▼ 33.3%
- Filing
- Filed on 26-06-2026, 35 days before the end of the filing period
Companies linked to Phase 3
Parent and group
Insights on Phase 3
Phase 3 files the abbreviated format. That format states no turnover. The gross margin rose from €14,869 in 2006 to €312,699 in 2025.
B-CHEMICALS INTERNATIONAL HOLDING holds all the shares. In March 2026, the Official Gazette published the appointment of AQLC MANAGEMENT as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Phase 3
- What is the company number of Phase 3?
- The company number of Phase 3 is 0419.617.446. The VAT number is the same number with BE in front: BE 0419.617.446.
- Where is Phase 3 based?
- The registered office is at Rue des Mousquetaires Gris 35, 5660 Couvin.Company details
- What does Phase 3 do?
- According to the KBO register, the main activity is manufacture of chemicals and chemical products (NACE 20590).
- What is the legal form of Phase 3?
- Phase 3 is a private limited company (BV).
- When was Phase 3 founded?
- Phase 3 was founded on 06-08-1979.
- Is Phase 3 still active?
- Yes, Phase 3 is an active enterprise in the KBO register.
- How many employees does Phase 3 have?
- Phase 3 had an average of 2.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Phase 3?
- The turnover in financial year 2025 is ≈ €740,000. This figure is estimated from the gross margin of €312,699 and 2,275 comparable companies of the same size. It probably lies between €440,000 and €1.2m. It is a rough estimate. In financial year 2018 turnover was €320,541.
- Is Phase 3 profitable?
- In financial year 2025, Phase 3 made a profit of €132,142.
- Where can I find the annual accounts of Phase 3?
- Phase 3 filed 46 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Phase 3 due?
- Phase 3 must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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